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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net (loss) income $ (13,913) $ 9,769
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 2,311 288
Amortization on right-of-use asset 151 157
Stock-based compensation 2,781 2,246
Realized loss on marketable securities 51 775
Amortization of premium and discount of marketable securities, net (5) 0
Change in fair value of derivative (296) (760)
Change in fair value of common stock warrants liability (649) (6,766)
Change in fair value of earnout liability (1,518) (12,872)
Deferred tax benefits 111 0
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,252) (3,577)
Inventory (3) (328)
Prepaid expenses and other current assets 31 (550)
Other long-term assets (2,438) (7,913)
Accounts payable 580 (110)
Accrued expenses (1,951) 117
Operating lease liability (122) (175)
Other liabilities, current (590) 680
Other liabilities, long-term (14) (48)
Net cash used in operating activities (16,735) (19,067)
Cash flows from investing activities    
Purchases of property, plant, and equipment (1,939) (40,963)
Purchases of marketable securities (443,475) (1,028,600)
Sales of marketable securities 441,432 1,000,712
Maturities of marketable securities 13,317 67,021
Net cash provided by (used in) investing activities 9,335 (1,830)
Cash flows from financing activities    
Payment of notes payable short-term (1,532) 0
Proceeds from Canadian Government Research and Development Program 8,097 10
Proceeds from exercise of stock options 83 23
Net cash provided by financing activities 6,648 33
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies 1,023 (40)
Net increase (decrease) in cash and cash equivalents, and restricted cash 271 (20,904)
Cash and cash equivalents, and restricted cash, beginning of the period 75,502 108,348
Cash and cash equivalents, and restricted cash, end of the period 75,773 87,444
Supplemental disclosure of cash flow information    
Stock-based compensation capitalized into property, plant, and equipment 0 669
Purchases of fixed assets included in accounts payable and accrued expenses 1,159 12,005
Cash paid during the period:    
Income taxes payment 7 0
Interest payment $ 646 $ 0